The best 8 Businesses to start in Cambodia #cambodia #business #asia #travel

Summary

In this video, a professional consultant with over 13 years of experience in Cambodia shares the top eight business opportunities in the country. These include logistics, agriculture, real estate, healthcare, transportation, garment manufacturing, entertainment and resorts, and the 7-Eleven franchise. Additionally, the video highlights the booming tech sector, with opportunities for IT development and skill training. Cambodia's growing population, business-friendly environment, and infrastructure improvements make it an ideal place for investment and expansion in various industries.

Takeaways

• 😀 Cambodia's population is growing at a rate of 2.2% per year, creating opportunities for various business sectors.
• 😀 Logistics is a top business opportunity in Cambodia, with growing demand for transportation between the country's 25 provinces.
• 😀 Agriculture is another promising sector, with opportunities in growing products like coffee, strawberries, cashew nuts, and more, particularly in regions like M province.
• 😀 Real estate in Cambodia has significant potential, with the market expected to rise again in the next few years, making it a good time to invest.
• 😀 The healthcare sector is expanding as Cambodia's middle class grows, creating a demand for more local clinics and pharmaceutical services.
• 😀 Transportation infrastructure needs improvement, and starting a transportation company, including bus services or even new airports, is a viable investment.
• 😀 Cambodia's garment manufacturing sector is thriving, with low labor costs making it ideal for exporting goods to other countries.
• 😀 The entertainment and resort industry is underdeveloped, providing opportunities for new resorts and entertainment facilities outside of major cities.
• 😀 7-Eleven franchises offer an excellent business opportunity in Cambodia, with the franchise model proving successful in larger cities and potential for expansion.
• 😀 The number one business opportunity in Cambodia right now is in technology, with a growing need for IT development and infrastructure improvements to support the country’s growth.

Q & A

What is the best business to invest in Cambodia, according to the video?

The video suggests logistics as one of the best businesses to invest in Cambodia due to the growing population and the need for moving goods between provinces.

Why is agriculture considered a good investment in Cambodia?

Agriculture is considered a good investment because Cambodia has a diverse climate that allows for the cultivation of various crops. Additionally, there is potential in processing agricultural goods for export.

What potential does Cambodia's real estate sector have for investors?

Cambodia's real estate sector has great potential, particularly in land and condominiums. The video mentions that real estate prices will likely rise in the next two years, making it an ideal time to invest.

How is the healthcare sector growing in Cambodia?

Healthcare is an important sector in Cambodia due to the rising population and increasing middle class. There is a demand for better healthcare services, and opening clinics or pharmaceutical businesses is recommended.

Why is there a need for more transportation in Cambodia?

Cambodia's transportation sector needs improvement as the country is still lagging behind countries like Thailand and Vietnam. Investing in transport services, including buses, trains, and airports, is seen as a promising business opportunity.

What advantages does Cambodia offer for garment manufacturing?

Cambodia offers cheap labor for garment manufacturing, with a minimum wage of less than $220 per month. This allows businesses to produce garments at a low cost and export them to other countries.

What is the potential for entertainment and resort businesses in Cambodia?

There is a gap in the entertainment and resort sector in Cambodia, especially outside major cities. Investment in entertainment facilities and resorts is seen as a growing opportunity, particularly in provinces like Mondulkiri.

Why is the 7-Eleven franchise considered a good business in Cambodia?

The 7-Eleven franchise is considered a good business due to its low investment cost (around $125,000) and the growing demand for convenience stores in urban areas like Phnom Penh, with limited availability in other regions.

What is the number one business with the highest success rate in Cambodia?

The number one business with a 99.9% success rate in Cambodia, according to the video, is technology. This includes IT development, teaching local people new technology skills, and improving internet infrastructure.

What support does the Cambodian government offer to investors?

The Cambodian government is open to investments, offering long-term visas, fast company registration processes, and opportunities for foreign nationals to become Cambodian citizens through investment or donation.